Eighth Year definition

Eighth Year means the eighth anniversary of the Closing Date.
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Eighth Year means the eighth anniversary of the date hereof.
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Examples of Eighth Year in a sentence

  • Vesting of your Award(s) shall occur as of the end of the day on December 31st of each year in accordance with the following schedule: Fifth Year 50% Sixth Year 60% Seventh Year 70% Eighth Year 80% Ninth Year 90% Tenth Year 100% The vested amount will be paid to you in a lump sum as soon as practicable following such termination.

  • The amount of any applicable CDSC will be calculated by multiplying the lesser of the original purchase price or the net asset value of such shares at the time of redemption by the applicable percentage shown in the table below: Redemption Within Percentage ----------------- ---------- First Year 5.75% Second Year 5.0% Third Year 4.0% Fourth Year 3.0% Fifth Year 2.0% Sixth Year 2.0% Seventh Year 1.0% After the Eighth Year Anniversary 0.0% Class B Shares are subject to Rule 12b-1 distribution expenses.

  • Similarly, until the Eighth Year Date, or such earlier period of time as the Parties may consent to in writing, BTT shall not directly or indirectly, market, distribute, sell or have sold in the Territory any Competitive Product, unless the license granted in this License Agreement has been converted into a non-exclusive license in connection with an uncured breach by Somaxon.

  • Notwithstanding the foregoing, the Parties have explicitly agreed that Somaxon may introduce a Competitive Product in the Territory after the fifth (5th) anniversary of the first commercial sale of the Product provided that Somaxon pays for each year after the introduction of the Competitive Product and until the Eighth Year Date not less than the Minimum Royalty set forth in the table in Section 8.2 for the Year 2013, subject to the other terms of such section.

Related to Eighth Year

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Year 3 means the tax year preceding the current tax year.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Month means calendar month.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Half Year means the period of six months commencing on the first day of April or October of a financial year;

  • Billing Month is defined in Section 9.1(b).

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Year means a calendar year.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Contract Month means a calendar month (or portion thereof) during the term of this Agreement. Contract Month 1 shall commence on the first day of the first calendar month following the Effective Date and end on the last day of that calendar month.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Full year refers to the ordinary period of employment for the position.